Also in the news...
Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Why invest in the Netherlands?
The establishment of a company in the Netherlands can be business wise very lucrative for companies and individuals. Companies always look at factors like, availability / knowledge of the workers, business costs, how is the transport / telecom quality, the political situation and much more before they decide to do business in a country. We have outlined below several reasons why a company should establish a company in the Netherlands.
General reasons to invest in the Netherlands
- Infrastructure and location. (Rotterdam harbor, Schiphol Airport, good highways for distributions of goods)
- Skilled and educated workers. (Dutch people speak many languages such as English, German and French).
- International business environment (a lot of multinationals have their headquarters in the Netherlands).
- Political situation.
Fiscal reasons to invest in the Netherlands
- The Dutch participation exemption fully excludes dividends and capital gains received from subsidiaries from the taxable profit of the Dutch (holding) company.
- Large tax treaty network avoiding double taxation.
- The ruling practice of the Dutch Tax Authorities provides clarity and certainty in advance about future tax positions.
- Dutch Cooperation (legal entity) can distribute dividends without withholding dividend withholding tax.
- Reduced corporate tax rate (5%) for profits gained from innovation (Innovation Box)
- VAT on imported goods can be deferred to the VAT tax return (article 23 VAT license) , effectively avoiding unnecessary VAT payments.
- Skilled foreign employees working in the Netherlands can receive 30% of their Dutch wages tax free.
Financial Incentives to invest in the Netherlands
- Tax facilities: WBSO, R&D Allowance, Investment Allowances.
- General subsidies: Top sector policy.
- Regional subsidies: European Fund for Regional Development.
- Financial support: Credit Guarantees, innovation funds.